Problem

Suppose that a company's monthly sales follow a normal distribution. The mean of this distribution is \(\$50000\) and the standard deviation is \(\$5000\). What are the two properties of this distribution?

Solution

Step 1 :The normal distribution is defined by two parameters: the mean (\(\mu\)) and the standard deviation (\(\sigma\)).

Step 2 :The mean of the distribution is the average value, which in this case is \(\$50000\).

Step 3 :The standard deviation of the distribution is a measure of the spread of the distribution, which in this case is \(\$5000\).

From Solvely APP
Source: https://solvelyapp.com/problems/C0GtDuJQYs/

Get free Solvely APP to solve your own problems!

solvely Solvely
Download